$5,094 Closing Credit¹
#2493625, Nneka Lipscomb, Listing Office: The Sage Firm
$455,000 List price
5116 Franklin Ave New Orleans, LA 70122
$5,403
Closing credit¹
4 beds
3 full, 2 partial
2,713 sqft
0.2 acres
$168 / sqft
House
Property details
About 5116 Franklin Ave
This unique four-bedroom, 2 ½ bath Spanish-style bi-level home sits on a generous 75’ wide lot, exuding charm and character. The home’s classic Spanish architectural details, such as stucco walls, arched doorways, and tiled roofing, create an inviting curb appeal. The bi-level design offers a functional layout, with the den on the lower level and the main living areas, including a spacious living room, dining room and kitchen, on the upper level. The bedrooms are thoughtfully distributed, offering privacy and comfort. A wrought iron fence and gates surround the property, enhancing security while adding a touch of elegance. The expansive deck provides an ideal space for outdoor entertaining or relaxing while enjoying the surrounding views. The detached quarters feature potential one-bedroom, 1 and ½ bathroom setup, great for use as a guesthouse, in-law suite, mancave, etc. This versatile addition offers privacy and convenience, complementing the main house’s functionality. With it’s spacious lot, timeless Spanish style, and additional living space, this property presents a unique opportunity for comfortable living
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size2,713 sqft
Lot size0.2204 Acres
Year built1940
ParkingCarport, Three or more Spaces
MLS #2482981
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 3
- Interior: Ceiling Fan(s), Carbon Monoxide Detector, Granite Counters, Stainless Steel Appliances, Cable TV
- Fireplace: None
- Total Bedroom Count: 4
- Parking: Carport, Three or more Spaces
- Exterior: Fence, Porch, Patio
- Architectural Style: Other
- Heating: Central
- Cooling: Central Air
- List Price: $455,000
- Price/SqFt: $167
- Annual Tax Amount: $2,878
- Tax Year: 2020
- Lot: City Lot, Rectangular Lot
- Directions: Gentilly or Filmore to Franklin Avenue
- Year Built: 1940
- Stories: 3
- Living Area: 2,713 SqFt
- Lot Size: 0.2204 Acres
- MLS Number: 2482981
- MLS Name: NOMAR
- Office Name: RE/MAX Affiliates
- Office Phone: (504) 834-3221
- Office Email: markrodi@msn.com
- Listing Agent: Myrna Keys
- Agent Phone: (504) 473-3426
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Last updated on: 5/13/2025, 7:20:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$455,000
5116 Franklin Ave
$5,403
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $26,630 | $- |
| 2022 | $25,540 | $- |
| 2021 | $26,630 | $- |
| 2020 | $26,630 | $2,878 |
| 2019 | $20,940 | $2,127 |
| 2018 | $20,940 | $2,168 |
| 2017 | $20,940 | $2,055 |
History based on county public records data.
Nearby schools
3
Audubon Charter School - Gentilly
Public Charter PK-4
0.2 mi
•4720 Painters St
4
Kipp East Community
Public Charter PK-6
2.2 mi
•6519 Virgilian St
7
Marie Riviere Elementary School
Public District PK-5
4.4 mi
•1564 Lake Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,900. Most New Orleans, LA residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
47%
<35k
49%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
53%
Single, No Kids
24%
Single, with Kids
11%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
10%
12-17 yrs old
23%
18-34 yrs old
41%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
IKEA
Crate & Barrel
Banana Republic
Where do the neighbors go to eat?
Quiznos
Starbucks
Jack In The Box
What do the neighbors drive?
Lexus
BMW
Toyota
What do the neighbors listen to?
Soft Adult Contemporary
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5116 Franklin Ave
The listing price of 5116 Franklin Ave property is $455,000.
The property 5116 Franklin Ave is a house located in New Orleans, Louisiana, 70122.
Active Listing: 5116 Franklin Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5116 Franklin Ave are: Audubon Charter School - Gentilly (GreatSchools Rating 3/10), Kipp East Community (GreatSchools Rating 4/10), Marie Riviere Elementary School (GreatSchools Rating 7/10), Pierre A. Capdau Charter School (GreatSchools Rating 3/10), Mary Bethune Elementary Literature/Technology (GreatSchools Rating 5/10), Arthur Ashe Charter School (GreatSchools Rating 5/10), Benjamin Franklin High School (GreatSchools Rating 10/10), G W Carver High School (GreatSchools Rating 5/10), John F. Kennedy High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2020 is $2,878 (source: MLS/based on county public records data).
The property at 5116 Franklin Ave has 4 bedrooms and 3 full and 2 half bathrooms.
The property 5116 Franklin Ave is 2,713 SqFt (source: MLS/tax record).
The year of construction for 5116 Franklin Ave is 1940.
This home is located at 5116 Franklin Ave in New Orleans, LA and zip code 70122 in the Gentilly Terrace neighborhood. This 2,713 square foot home, which was built in 1940, sits on a 0.22 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 20, 2025 and is currently priced at $455,000.
In April 2025 more than 40 listings in New Orleans, LA were sold above the asking price. During the same period more than 45 listings were sold at asking price, while more than 193 were sold below. In April 2025 in New Orleans, LA there were 13.8% more homes for sale than in March. The median list price of listings available in April 2025 was $329,697, while the average time on the real estate market was 85 days.
From Rocket Homes Real Estate and based on county public records data.